Reprocessed Medical Devices Market is Rising to a Valuation of US$3.35 bn in 2024, Says TMR
PRNewswire reports on how reprocessed medical devices market is rising to new heights. “As per the TMR report, the global reprocessed medical devices market is likely to rise at a robust 14.9% CAGR between 2016 and 2024,
Controlling Hospitals Assets
THE ISSUE: AMDR receives reports that sales reps for some OEMs are physically interfering with hospital assets in attempts to stop reprocessing and associated cost savings for hospitals. Of course, many hospitals make savings by
Contracting Restrictions
THE ISSUE: Most medical device companies and sales reps earn an income by selling new devices to hospitals. AMDR member reprocessors are aligned with healthcare partners by seeking to extend the value of existing medical
Forced Obsolescence Designed Into Devices
THE ISSUE: Billed as “innovation,” some medical device manufacturers introduce new models of existing technology that are designed to make it impossible to reprocesses and reuse them. When such generational innovation disallows reprocessing, the hospital
Software “Updates” Aimed to Thwart Reprocessing
THE ISSUE: Many electrosurgical instruments and cardiology catheters have been cleared by FDA or certified by Notified Bodies for reprocessing. These are expensive devices that range from hundreds to thousands of dollars each with several
Blended Pricing and Product Mixes
THE ISSUE: A vendor may offer hospitals a mix of new and reprocessed devices at a blended price, or for a price lower than buying all new -- but slightly higher than for buying all